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Generational handover at Blue Water Shipping

Blue Water Shipping’s founder Kurt Skov has transferred a large proportion of his shareholding to his daughter, Anne Skov.

Anne and Kurt Skov at Blue Water Shipping's headquarters in Esbjerg, Denmark.

Since its formation in Esbjerg during 1972, Blue Water Shipping has grown significantly. Today it has more than 1,600 employees across 58 offices.

In 2007, Kurt Skov established established the Blue Water Foundation. This organisation controls 75 percent of the shares in Blue Water Shipping and is responsible for securing the company’s continued existence and development.

The remaining 25 percent of the shares are owned by Kurt Skov’s holding company, Kurt Skov Holding A/S, of which a large shareholding will now be transferred to Anne Skov.

Kurt and Gyrithe Skov – and their daughter Anne Skov – have been a part of the Blue Water Foundation Board since its establishment. Anne Skov, who for several years has filled an executive position in Blue Water’s oil and energy division, became a member of the operational board during 2018.

Commenting on the handover, Kurt Skov said: “Blue Water is my life’s work, and therefore it means a lot to me that the next generation has joined the ownership and the executive board.

“It is important to me to have this phase of the generational handover in place, and I am happy at the same time to indicate to the employees, customers, partners as well as the rest of the outside world that Anne already now is – and in particular in the future will be – an essential part of Blue Water as owner and as a member of the foundation and operational boards.”

Anne Skov added: “I am happy that my father and I share the core values of Blue Water. And these values we shall maintain and strengthen now and in the future in Blue Water. I will in the executive committees and in my daily work contribute to upholding and maintaining Blue Water’s spirit and culture.”

HLPFI reported in December 2017 that Blue Water Shipping appointed Søren Nørgaard Thomsen as its new chief executive officer (ceo).

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